Dave's Hot Chicken
PE-OwnedRoark Capital (which already controls Subway, Dunkin', Arby's, Sonic, and more) acquired a 75% majority stake in Dave's Hot Chicken for ~$1 billion in June 2025. The chain had 245+ locations and $617M in 2024 sales. Roark's restaurant empire is now the largest franchise operation outside publicly traded companies.
Ownership Information
Dave's Hot Chicken is owned by Roark Capital. Private equity ownership often leads to cost-cutting, price increases, and reduced quality of service as firms prioritize returns for investors over customers and employees.Learn more about PE ownership impact →
Timeline
Dave's Hot Chicken founded
Acquired by Roark Capital for $1 billion
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CO (1)
Denver
7047 Main St
Denver, CO 80201
555-224-7123
GA (1)
Atlanta
758 Main St
Atlanta, GA 30301
555-819-9996
MA (1)
Boston
3819 Main St
Boston, MA 02101
555-192-8534
OH (1)
Cleveland
1020 Main St
Cleveland, OH 44101
555-505-9113
TX (1)
Dallas
9397 Main St
Dallas, TX 75201
555-677-9181